Iron is one of the elements undoubtedly known to the ancient world. Using of Iron is increasing every day and it is important to find new sources.
Economical extraction needs high grade source of iron and it is essential to convert low grade iron ore to high grade one.
low grade hematite are abundant and by conversion hematite to magnetite it is possible to get high grade iron ore.
There are some methods to convert hematite to magnetite but there is this question it is conceptually right to convert hematite to magnetite and magnetically separate them to get high grade iron ore? Are hematite to Magnetite Conversion economical with CO and C?
I heard there are some companies in China but i could not find any information of them in English search.